Save your cash with financing & leasing

Get more equipment and trucks working on the job while reducing your upfront costs with financing & leasing from Ritchie Bros. Financial Services.

Tailored solutions and competitive rates

We work with select lender partners to find the right solution for you – whether it's 100% financing or a choice of leasing options. Take advantage of competitive rates, low monthly payments and flexible plans to free up working capital needed to run your business.

  • No down payment
  • Up to 100% financing
  • Ability to bundle costs
  • Fast pre-approvals with no obligations
  • Quick release of equipment

Plus

  • Pre-approved financing is good for up to 90 days and free to renew
  • Take advantage of potential tax benefits of leasing
We now offer leasing

Contact Ritchie Bros. Financial Services

Apply online or contact Ritchie Bros. Financial Services for more information:

There is a great advantage dealing with a finance company that is more familiar with what you are purchasing.

Gian Sansalone, Domti Engineering & Construction Ltd.

Make the numbers work for you

Use this calculator to determine your monthly payment or equipment purchase budget.

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Frequently asked questions

Who can obtain financing & leasing?
What types of financing and leasing does Ritchie Bros. offer?
Who can obtain financing & leasing?

Subject to approved credit, financing and leasing is available to people who own or represent a registered business wanting to purchase equipment for business purposes, including dealers. Individuals who don't represent a registered business are not eligible for financing or leasing.

Financing is currently available to customers in these countries: the USA, Canada, Mexico, Australia, France, Germany, Italy, The Netherlands, Poland, Spain, the United Kingdom.

Leasing is currently available only in the USA and Canada.

What types of financing and leasing does Ritchie Bros. offer?

Financing is based on each customer's individual situation and credit history. Financing options include equipment loans and lease-to-own programs including terminal rental adjustment clause (TRAC), FMV (Fair Market Value), Buck Out, Capital & Operating, and Sale & Lease Backs.

What types of equipment can I finance or lease?
What are the differences between the different leases?
What types of equipment can I finance or lease?

You can finance or lease most equipment used for business purposes. Equipment acquired for non-commercial, consumer purposes (i.e. personal, family or household use) cannot be financed or leased. In certain countries, marine equipment and aircraft can be financed or leased, subject to lender approval.

What are the differences between the different leases?

TRAC - A terminal rental adjustment clause lease (TRAC Lease) combines all the advantages of leasing while retaining the option to purchase the equipment at the end of the lease term at a pre-determined residual agreed to when the lease starts. Your monthly payments on a TRAC Lease are determined by the residual price you establish at the start of the lease. Depending on your cash flow needs, you can select a higher end-of-term residual amount for a lower monthly payment, or keep the end-of-term residual lower to pay more through the stream of payments.

Is there a minimum or maximum amount of financing and leasing available?
Is there a minimum or maximum amount of financing and leasing available?

Financing and leasing is available for purchases over 10,000 (US, Canadian and Australian dollars or Euros).

FMV (Fair Market Value) - A fair market value lease may also be referred to as a true lease. This type of lease provides several flexible options at the conclusion of the lease agreement. Typically the lessee will have the option to return the equipment to the lessor, renew the terms, or can purchase the equipment for the fair market value.

When and where can I use my pre-approved financing?
When and where can I use my pre-approved financing?

Pre-approved financing is good for up to 90 days at any Ritchie Bros. auction or on Ritchie Bros. EquipmentOne. Equipment must be purchased for use in your country of residence.

Buck Out - A dollar buyout lease may also be referred to as a buck out lease. This type of lease guarantees the option to purchase the equipment for the amount of one dollar ($1) at the conclusion of the lease agreement. Customers that plan to keep the equipment at the end of the lease term typically select the dollar buyout option.

Can I use my financing and leasing to buy equipment from another country?
Can I use my financing and leasing to buy equipment from another country?

Yes, but there may be certain limitations depending on your approval. Please advise RBFS at time of application if you are interested in cross-border purchases. All terms and conditions of the cross-border purchase will be explained to you at the time of approval.

Capital & Operating - An operating lease is treated like renting – payments are considered operational expenses and the asset being leased stays off the balance sheet. There is no buyout of an Operating Lease.

In contrast, a capital lease is more like a loan; the asset is treated as being owned by the lessee so it stays on the balance sheet. A Capital Lease contains a bargain purchase option to buy the equipment at less than fair market value (set out at a predetermined amount… 10%, 15%, 20% etc).

What is Ritchie Bros. Financial Services Ltd.?
What is Ritchie Bros. Financial Services Ltd.?

Ritchie Bros. Financial Services (RBFS) is a joint venture between Ritchie Bros. Auctioneers and Travelers Financial Corporation. Ritchie Bros. Financial Services has partnered with leading equipment finance providers to bring fast, convenient financing and leasing options to Ritchie Bros. customers. Ritchie Bros. Financial Services processes financing applications and channels them to the appropriate lending partner that will finance the customer's requirements.

Sale & Lease Back - If you have recently paid cash for some new equipment, RBFS can offer you cash for the equipment and convert your purchase into a lease. This is called a sale lease back. If you have paid for the equipment within the last ninety days, RBFS can help you recoup your investment in the equipment and allow you to make low monthly payments. Certain credit guidelines must be met and certain documentation such as invoices and proof of payment must be provided as well.

How do I apply for financing or leasing?
How do I apply for financing or leasing?

Create a free account, then sign in to apply for financing or leasing and manage your applications. Customers in the USA and Canada can also apply by phone: 1.855.331.5750. Most applications are processed within two business days, often on the same day.